Synopsis: Targeted support should be ensured to ensure desired growth of the sectors. Introduction Recent economic data shows that the Indian economy is bouncing back and is likely to exceed the pre-pandemic levels. RBI’s October Bulletin also indicated a GDP growth of 9.6% in the July-September quarter. But still, there are some sectors that are lacking… Continue reading Small, medium issue: Economic recovery gaining steam. But low-income groups’ demand & MSMEs are concerns
Category: 9 PM Daily Articles
Improved finances gives Centre leeway to slash fuel excise duties, but a renewed spending spree is avoidable
Synopsis: Reasons for the increase in Centre’s gross tax revenues during April-September 2021. Introduction The Centre’s gross tax revenues have grown 64.2% year-on-year during April-September. This has resulted in a reduced fiscal deficit for the first half of 2021-22 that is, just 35% of the budget estimate for the whole year. According to the Swiss… Continue reading Improved finances gives Centre leeway to slash fuel excise duties, but a renewed spending spree is avoidable
A good synthesis of climate and transport economics would help
Synopsis: An analysis of urban India’s need for sustainable mobility suggests that we must rely heavily on clean public transit systems. Contents1 Introduction2 Why slow transition towards zero-emission vehicles looks difficult for India?3 What are ‘transit cities’ & How India can develop transit cities?4 What are the challenges in designing a transport system? Introduction Road… Continue reading A good synthesis of climate and transport economics would help
Decarbonization mustn’t overlook the rich-poor divide
Synopsis: Unless the world addresses the distributional and inequality-causing impact of highly carbon-intensive economic models, our job towards limiting temperature rise to 1.5°Celsius will remain unfinished Contents1 Introduction2 How much subsidies does India spend on fossil fuels?3 How much carbon space is available as of now?4 What is the way forward? Introduction With increased carbon… Continue reading Decarbonization mustn’t overlook the rich-poor divide
COP26 | PM’s Modi word: Net Zero 2070, clean & green 2030
Synopsis: India has made significance announcements at the ongoing COP26 meeting, including a target year for reaching net zero. Now the ball is in the developed world’s court wrt climate finance wherein India expects developed countries to provide $1 trillion at the earliest. Contents1 What has been India’s track record wrt its efforts on climate… Continue reading COP26 | PM’s Modi word: Net Zero 2070, clean & green 2030
The crypto conundrum
Synopsis: Controlling money supply and issuing money are at the root of the power and influence that the governments of this world command. Leaving the limited use case and exchange value aside, if Cryptocurrencies pose any real challenge to the existing fiat currencies it may result in a stern policy action. Contents1 Introduction2 What attracts… Continue reading The crypto conundrum
The green issues of tomorrow
Synopsis: While the world is gathered at Glasgow for COP26 meeting and finalizing the climate action roadmap for the coming years, new threats to environment have already come up. Countries need to start thinking about solutions to these issues right away. Otherwise, a decade down the line, they will find that they are in a… Continue reading The green issues of tomorrow
Mixed signals on growth-inflation dynamics
Synopsis: The post pandemic trajectory of economy has some trends and facts which are both challenging as well as encouraging. Introduction The current economic cycle is a rare one, induced by a major public health shock. To revive the economy, massive monetary stimulus was provided by various central banks by following loose monetary policy. We… Continue reading Mixed signals on growth-inflation dynamics
In the wake of China-US rivalry, India needs to reboot its ASEAN strategy
Synopsis: India needs a comprehensive effort to promote a better India-ASEAN relations. Introduction Indian PM in the recent ASEAN Summit extended his support for the centrality of ASEAN and also to a free, open and inclusive Indo-Pacific. Read more: Prime Minister co-chairs the 18th India-ASEAN Summit India and ASEAN relations Read here: India-ASEAN What are the challenges… Continue reading In the wake of China-US rivalry, India needs to reboot its ASEAN strategy
Indian students are interesting keen on overseas opportunities
Synopsis: Indian students use many methods to obtain visas to study abroad. Contents1 Introduction2 How do Indian students use various opportunities to study abroad?3 Why studying abroad is an attractive option for Indian students?4 What are the hurdles in studying abroad? Introduction With the international borders began opening up, Indian students are now preparing themselves to… Continue reading Indian students are interesting keen on overseas opportunities
